Following the Tech Trend

Douglas Busch, CMT, founder of Chartsmarter.com, highlights two specific stocks with bullish trends within the tech sector: Cree and VMware. He notes key levels to watch out for and how to make the trade, in this interview with Justine Underhill. Filmed on February 7, 2019.

Very efficient delivery of two ideas,he is a technician that doesn't try to talk fundamentals and he has relatively tight stops for two volatile ideas..well done. My only concern is I think he is a bit optimistic on the market,these ideas will get crushed in a retest,watch those stops!

An interesting entertainment would be be to see Justines thoughts appear in a comic bookish thought bubble as her expression changes during the interview. Perhaps one time in an interview of the interviewer.

CREE i see the cup but not the handle I would enter this trade between 48-46 (bottom of the handle) with stop at 40 target 70. From EW I am aiming wave 3 finishing ~56.25 then wave 4 retracing to 52 and then pushing to 70. Obviously purely technical I know nothing about this stock.